Federal Home Loan Bank of Atlanta has been mulling a potentially large real estate move that could impact several Midtown building owners.

In recent weeks, the bank has held initial discussions with top commercial real estate executives over what it might do with its 11-story building at 1475 Peachtree Street, according to people familiar with the discussions. Options appear to include relocating to another building and selling 1475 Peachtree. The bank could also decide to remain in the building and redesign its office space.

The bank has been considering whether to hire a commercial real estate brokerage to advise it during the process, sources said. They were not authorized to speak about the discussions.

“Like any business, we regularly take a look at our space and the market and evaluate the available options,” spokeswoman Sharon Cook said in an email to Atlanta Business Chronicle. “However, any discussions about our relocation or an alternate use of our existing building are very premature.”

Federal Home Loan Bank owns the more than 230,000-square-foot 1475 Peachtree Street building on the northern end of Midtown, and occupies most of it.

The building was developed in the mid-1980s.

Since then, the way corporations use office space has evolved significantly, largely because of the introduction and spread of mobile technology in the workplace. Many corporations have gone to more efficient layouts with less emphasis on cubicles and corner offices and more on common areas and Wi-Fi access. Those trends would shape the way the bank redesigns its offices, if it decides to remain at 1475 Peachtree.

If it considers relocating, though, the bank would immediately catch the attention of several intown building owners who have big blocks of office space left to fill. In Midtown, that includes Dewberry Capital, which owns the Campanile building; Daniel Corp., developer of the 1075 Peachtree tower; and Cousins Properties Inc., which bought the Promenade tower last year. Another obvious addition to that list is Bank of America Plaza, and there is no doubt its ownership would hope to be involved in discussions with the bank.

It might be a longshot to land Federal Home Loan Bank, though. The 55-story tower went through foreclosure earlier this year, and it’s still in the hands of a mortgage servicer.